Telecom order: Wrong signal sent to investors

Telecom order: Wrong signal sent to investors

Asian Age

The Narendra Modi government should takes steps to soften the verdict's impact and restore investor confidence.

The Supreme Court's order rejecting review petitions by the telecom companies challenging its verdict in the Adjusted Gross Revenue (AGR) case and a threat to initiate contempt proceedings against their top executives was unfortunate. Notwithstanding the legal merits, the 17-year-old litigation across four different governments at the Centre - one led by Atal Behari Vajpayee, two by Dr Manmohan Singh and two by Narendra Modi - sends the wrong signals to the global investor community.

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